Iran Aims to Overtake Saudi Arabia in Petchems; NPC Sale Advances

Iranian officials say the country is on course to overtake Saudi Arabia and become the biggest petrochemicals manufacturer in the Mideast following a massive investment program in Iran spanning the next 10 years. Iran will overtake Saudi Arabia in ethylene capacity by 2016, Gholam Hossein Nejabat, Iran’s deputy minister of petroleum and president of National Petrochemical Co. (NPC, Tehran), told CW exclusively, on the sidelines of the 8th Iran Petrochemical Forum, held recently in Tehran. “There is no doubt that in the future our growth in ethylene...